Why wasn't my long term -3000.00 loss entered on my 2018 return.

[surgates3]

what line on my 2018 1040 would show my -$3000.00 carryover loss show up on?

[DavidS127]

If your capital losses, included any carryover amount from a previous year, exceeded your capital gains in 2018, the net capital loss (limited to $3,000) would be on line 13 of 2018 Schedule 1 (Form 1040).

[Anonymous]

any loss in excess of $3,000 (or if unused due to NOL) would show up on the carryforward worksheet and would be carried to schedule D

[surgates3]

Thank you for your reply David: I had no capital gains for 2018 & i have been writing off -$3k loss yearly since 2001. 2018 was the first time I used turbotax. filling out my 2019 return i received this:

(Based on what you've entered, this is the info we have about your capital gains and losses from your 2018 tax return. We'll use this to calculated your carryover amounts. Take a look to make sure everything is correct, and make any changes you need.

Info from your 2018 tax return

Edit

Net short-term capital gain/loss

$0.00

Net long-term capital gain/loss

$3,000.00

Allowable loss

$0.00....................................................what happened???

Income before exemptions

$36,154.00 ) 

[RobertG · Accepted solution]

To edit your capital loss carryover in TurboTax:

Just open your TurboTax return, search for capital loss carryover, and then select the Jump to link in the search results.

Turbotax will  take you to the screen where you can edit that info from your prior year return.

If you transferred last year's TurboTax return over, TurboTax will enter your capital loss carryover for you.